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ChoiceOne Financial Services (COFS) Announces Nasdaq Listing
SPARTA, Mich., Feb. 4, 2020 /PRNewswire/ -- ChoiceOne Financial Services, Inc. (OTC: COFS) ("ChoiceOne"), the parent company of ChoiceOne Bank and Lakestone
About this update from Choiceone Financial Services, Inc.
[{"type":"text","content":"SPARTA, Mich., Feb. 4, 2020 /PRNewswire/ -- ChoiceOne Financial Services, Inc. (OTC: COFS) (\"ChoiceOne\"), the parent company of ChoiceOne Bank and Lakestone Bank & Trust, today announced that shares of its common stock will be listed for trading on The Nasdaq Capital Market under its current symbol, \"COFS,\" beginning on Friday, February 7, 2020. The Company's common stock will continue to be quoted for trading on the OTC Pink Market under the same symbol through February 6, 2020. \n\n \n \n\n \n\"Listing our stock on Nasdaq is a significant milestone for ChoiceOne as we grow our franchise value,\" said ChoiceOne Chief Executive Officer Kelly Potes. \"We expect listing our stock on Nasdaq will make it more liquid and easier to buy and sell for shareholders. It should also allow our stock to be more visible to investors.\"\nPaul Johnson, ChoiceOne Chairman of the Board added, \"We are excited to begin having our stock trade on The Nasdaq Capital Market. We believe the size of our Company now dictates a more recognized platform for our stock. Listing our stock on Nasdaq is a natural progression as we look to build long-term value for our shareholders.\"\nNasdaq is the world's largest electronic stock market, listing approximately 3,600 public companies. The exchange trades more shares per day than any other U.S. equities market. It is also among the world's best-regulated stock markets, employing sophisticated surveillance systems and regulatory specialists to protect investors and provide a fair and competitive trading environment.\n\"We are very pleased to welcome ChoiceOne Financial Services to Nasdaq's family of innovative, growth companies,\" said Andrew Hall, Managing Director of Nasdaq New Listings. \"We look forward to supporting ChoiceOne Financial Services as it achieves its milestones in the years to come.\"\nChoiceOne is an approximately $1.3 billion asset bank holding company with 29 offices in West and Southeastern Michigan. \nAbout ChoiceOne ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan and the parent corporation of ChoiceOne Bank and Lakestone Bank & Trust. Member FDIC. Lakestone Bank & Trust operates 15 offices in parts of Lapeer, Macomb and St. Clair counties. ChoiceOne Bank operates 14 offices in parts of Kent, Ottawa, Muskegon, and Newaygo counties. Choic...